Tesla Doesn’t Burn Fuel, It Burns Cash
Tesla is going through money so fast that, without additional financing, there is now a genuine risk that the 15-year-old company could run out of cash in 2018. The company burns through more than $6,500 every minute, according to data compiled by Bloomberg. Free cash flow—the amount of cash a company generates after accounting for capital expenditures—has been negative for five consecutive quarters.
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Why Tesla is having a harder time than SpaceX
SpaceX debuted a powerful new rocket, the Falcon Heavy, and has successfully launched seven orbital missions. Tesla has struggled to produce its Model 3 electric sedan at promised rates, raising questions about the company’s cash flow and encouraging short-sellers. On March 23, a driver was killed after his Tesla’s autopilot system steered the car into a barrier, though the system is not intended to be used without a driver’s hands on the wheel.
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Federal officials boot Tesla from crash investigation
The National Transportation Safety Board announced Thursday that it has revoked Tesla’s status as a party to its investigation of a fatal Model X crash in Mountain View, California last month.
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Tesla Full Self-Driving Images Leaked
Tesla’s full self-driving autonomous vehicle feature is coming. An image leaked on Tuesday apparently shows the new user interface of a test-car. The image shows how the autopilot software/system views and interprets the world.
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There’s growing evidence Tesla’s Autopilot handles lane dividers poorly
Thankfully, this crash was different in one important respect: there was a working highway safety barrier in front of the concrete divider. As a result, the crash was much less severe and the driver was able to walk away.
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Tesla in fatal California crash was on Autopilot
Electric carmaker Tesla says a vehicle involved in a fatal crash in California was in Autopilot mode, raising further questions about the safety of self-driving technology.
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